Press Release

DBRS Assigns Ratings to the Asset Purchase Agreement Supporting GIFS Capital Company, LLC

ABCP
February 12, 2014

DBRS, Inc. ("DBRS") has assigned the following ratings to the Asset Purchase Agreement (APA) dated as of February 12, 2014 supporting GIFS Capital Company, LLC. The rating addresses the timely payment of interest and principal.

GIFS Capital Company, LLC – WOLT: AA (sf)

The principal methodologies are Asset-Backed Commercial Paper Criteria Report: U.S. & European
ABCP Conduits and Rating U.S. Auto Lease Securitizations, all of which can be found on the DBRS website and private Rating Methodology for Liquidity and Program Wide Enhancement Ratings.

Notes:
All figures are in U.S. dollars unless otherwise noted.

Ratings

GIFS Capital Company, LLC
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.